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Polish Economy to Grow 3% This Year

Poland’s economy is set to grow over 3% this year, Deputy Prime Minister and Finance Minister, Mateusz Morawiecki estimated recently.

“I am very pleased that we are moving in a very positive direction. Economic growth in Poland will not only exceed 3% but it will be very solid and will be based on investment,” Morawiecki told reporters.

Morawiecki said that after a slowdown in investment last year, the final quarter of 2016 had seen a rebound. In addition PMI index, which measures the health of the manufacturing sector, is the best it has been in two years.

Poland’s Purchasing Managers’ Index (PMI) rose to 54.8 points in January from 54.3 points in December, according to Markit, a provider of financial information services.

He was speaking after the Central Statistical Office said on Tuesday that the Polish economy grew 2.8% last year in real terms, following 3.9% in 2015.

Poland’s 2017 budget is based on a forecast of 3.6% GDP growth this year.